There’s no shortage of home improvement projects that can improve your home’s resale value while ensuring you can make the most out of your space. Adding a garage is one of the most common projects that increase value and utility. But is a garage worth the cost?
Continue reading to learn what our team has to say.
Benefits of a garage
Before we dig too deep into the cost of a garage, these are a few of the perks of adding an attached or detached garage to your property:
- Vehicle protection: The top reason to add a garage is to keep your vehicles out of the elements and avoid expensive vehicular damage. By parking in a garage, you’ll spare your car from hail dents and avoid the risk of a tree limb crashing onto your hood during a bad storm.
- Extra storage: Does your home feel cluttered or messy because you don’t have enough storage space? A garage can solve that! Garages provide a ton of extra storage for all of your belongings. Just be sure to install shelving or cabinetry to keep everything in order.
- Workshop area: If you’re involved in woodworking, arts and crafts or some other hobby that necessitates a little workshop, a garage is perfect for you. You or your chosen contractor can add a workbench and a built-in tool chest to provide you with everything you need to fully enjoy your hobby.
- Increased home value: If you’re thinking about putting your house on the market, make a garage addition one of your many home investments. Today’s buyers usually expect to have a garage. Make your home more attractive to them by adding one today.
Cost vs. ROI
We’ve already mentioned that your new garage could increase your home’s value. Let’s dig into that a little bit more. Garages typically aren’t cheap to install, so is a garage worth the cost? The answer is yes! Adding a garage has a return on investment (ROI) of 65 percent. So a $50,000 garage would increase your home’s value by $30,000.
That ROI might not sound all that great, but a garage has one of the highest ROIs of any home improvement project. For example, a bathroom remodel—one of the more popular projects out there—only has an ROI of about 57 percent.
Attached or detached?
Now that you’ve decided to add a garage, it’s time to decide if you want an attached or detached one. An attached garage is typically more convenient, but it may cost more. You can build a detached garage to any size you want, often at a lower cost.
The best home remodeling contractor
To ensure you make the most out of your home investments, you need to hire a reputable contractor for the job. That’s where Canfield Construction Management comes into play. In addition to new garage construction, we provide a variety of remodeling services that’ll boost your home’s value and its utility. Contact us today to see what we can do for you.
Categorised in: Garage Builder
This post was written by Writer